Renewable heat incentive plans unveiled
Written by Marketing | Published March 10, 2011 | Posted in: Renewable Heat Incentive | Tags: Renewable Energy, Renewable Heat Incentive
Businesses and the public sector will be the first beneficiaries. Households can take advantage of subsidies from October 2012.
Homeowners, schools and businesses will be able to apply for a slice of £860m government funding to help them install wood boilers and solar water heaters under new plans unveiled on Thursday morning.
The “renewable heat incentive” is the first financial scheme of its kind in the world to subsidise low-carbon heating, and over the next decade could reduce carbon dioxide by 44m tonnes – equivalent to taking 20 gas-fired power stations off the grid, according to government estimates.